January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

InstitutionalFebruary 1, 2022, 9:57AM EST
UPDATED: May 9, 2023, 5:27PM EDT
January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
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Total adjusted on-chain volume, which is a proxy for economic throughput, saw a decrease of 20.3%, to $626 billion, in January. Overall, Bitcoin's on-chain volume decreased by 17.7% (from $493 billion to $406 billion), while Ethereum's on-chain volume decreased by 24.6% (from $292 billion to $220 billion).

In January, Bitcoin's on-chain volume exceeded Ethereum's by 1.85 times.

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